News Corporation (Ticker: NWS and NWSA) has made several significant announcements of late. Foremost is the initiation of a
$1 Billion stock buy-back program, which the company has consistently progressed with, indicating confidence in their financial position. Various Wall Street analysts, hedge funds, and investment firms have presented mixed predictions about the direction of the company's stock, with some suggesting the stock could surge almost 34%. Several high-profile groups, including
abrdn plc and
Sumitomo Mitsui Trust Group Inc. increased their stock holdings in the company, although some like
Yacktman Asset Management LP and
Entropy Technologies LP have sold their shares. The company announced strong Q2 earnings, mainly driven by its
Dow Jones and
Digital Real Estate Segments, resulting in the stock recording an all-time high. However, dual-class share structure remains a point of content, with substantial pressure from investors and entities like
Starboard to eliminate it, despite the Murdoch family maintaining majority control of the company. The company's outlook and activities signal a promising future, which may invite further investment.
News Corporation Stocks News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 15 Feb 2025 20:59:12 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -2
